If USB-C has taught me anything it’s that higher signal integrity in more expensive cables is actually really a thing. I have usb-c devices which are so temperamental (razer kiyo pro) that they won’t run stable without actual thunderbolt cables. Even high-end fasgear 10gbps/100w cables aren’t good enough signal integrity or the camera will eventually freeze and crash. The extra thunderbolt shielding/better termination really does make a difference even if the pairs are not being used.
Hdmi and DP cables also have a range of shielding and termination quality, and pushing more data through them will show the difference, especially in longer lengths that are at the limit of the spec. Everything looks good when you are only doing 1080p30, try doing 2160p120 on a tv or UWQHD 160 hz on a pc, with a max-length (2m) cable and tell me every cable is just as good. Even every DisplayPort 1.4 cable or hdmi 2.1 cable is not “as good” let alone a rando lower-tier cable with the older shielding.
Oculink folks know damn well that not every cable is just as good either. Copper oculink cables are a fucking mess.
I’m not saying Monster wasn’t ripping you off for some gold-plated connectors, especially back in 2000 when hdmi stated with 1.x in the name. But the reality is that if nothing else we have manifested the world where digital cable quality matters. And really the “hurr durr digital signals” thing has always been a little bit of an oversimplification, even as someone who’s said it before too.
There isn’t a correlation with price in the high end, going from a $30 cable to a $150 cable doesn’t get you anything, but going from a $5 cable to a $30 cable you certainly do get better shielded cable and better termination if nothing else, and yes, it does make a difference when you are actually pushing the spec to the limit. You will definitely find out that not even all 10gbps usb-c or hdmi 2.1 UHBR cables are created equal let alone ye olde hdmi 1.3 bullshit cable.